The founders of Predictim want to be clear with me: Their product—an algorithm that scans the online footprint of a prospective babysitter to determine their “risk” levels for parents—is not racist. It is not biased.

The company echoed tech ethicists and employees in its call for restrictions. As Microsoft president Brad Smith put it, “We must ensure that the year 2024 doesn’t look like a page from the novel 1984.”

Amazon data breach. Facebook experienced an unpleasant reality check when it became public knowledge that they had been giving access of their user’s data to shady third parties who are still being investigated. It seems that data leaks are far from over, with new concerns over Amazon user info being shared with third parties now coming to light.

More than just automating processes, AI systems are augmenting human capabilities and enabling people and machines to work collaboratively. To exploit AI’s potential, leading companies are embracing a new era of business processes.